How to add Terms and Conditions in magento customer registration form?

While customer registration sometimes we need to add Terms & Conditon page with checkbox. Here is the code to add terms & condition field to your registration form.

<?php echo $this->__('I have read and agreed to the ') ?><a href="#">Terms and Conditions</a>
<input type="checkbox" name="terms" title="<?php echo $this->__('Terms and Conditions') ?>" value="1" id="terms" class="checkbox required-entry" />